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CAD Scores High Gains as Oil Prices Rise

M. Ali 3 February, 2021 12:13 am Forex Market, Market Update

The Canadian Dollar (CAD) rose on Tuesday against major currencies on Tuesday, supported by the rise of crude oil prices to their highest level in a bout to a year.

Today, the CAD topped the G10 currencies performance against the U.S. Dollar (USD).

The CAD is up against its U.S. counterpart by about 0.32%, with the USD/CAD pair trading at 1.2810.

The pair has been moving today in a range between 1.2782 and 1.2870, after closing Monday at 1.2851.

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